After reshoring and onshoring, friend-shoring is the latest wheeze of the Biden Administration; in practice, it’s a de facto and defunct American protectionist approach, which is launched under the veil of the new symbolism with support of the controversial legislation to steal away major allies’ high-tech production facilities and quality jobs. Cracking the tail end of the concept is as easy as winking: rip up existing global supply chains and build a whole new, US-dominated manufacturing and trading system.

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